Thanks Vic! Hopefully the interest rates starts to drop this summer as the market is expecting!
Quote:
Originally Posted by Vic55
Im not sure where you live but Ill assume your contract is simple interest in nature so if you pay off the loan, any unearned interest is not applied in the said payoff.
So it would principal plus any accrued interest from your last payment as long as your last payment cleared all accrued interest to that point.
You can payoff BMWFS any time early with no pre pay penalty and they dont do a precomputed interest RIC so you will be fine.
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